Legislator Case Law & Legislation
KKO 3238/1998 AI generated

Shareholder's claim for annulment of board decision on property acquisition without notice is dismissed.

Case Number KKO 3238/1998
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The Supreme Court dismissed the shareholder's appeal to annul the company's board decision regarding the acquisition of a property. The shareholder argued that the decision was invalid because they had not been notified of the meeting. The court held that the lack of notification did not render the decision void or invalid under the relevant company law provisions.

Legislator headnote

AI generated

Company Act 624/1994; Shareholder Act 624/1994: A shareholder's failure to receive notice of a board meeting does not automatically invalidate the board's decisions, and a claim for annulment based solely on this procedural defect is rejected.

Keywords

AI generated
shareholder rights company law board decision notice requirement annulment claim property acquisition procedural defect

Cited Legislation

AI generated
Company Act 624/1994
AI generated

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Full text

Kysymys siitä, oliko osakkeenomistajalla oikeus nostaa kanne asunto-osakeyhtiötä vastaan sen vahvistamiseksi, että yhtiökokouksen päätös huoneiston ottamisesta yhtiön hallintaan oli mitätön tai pätemätön, vaikka päätöstä ei ollut annettu osakkeenomistajalle tiedoksi.